OPEC+ says to raise oil output by 648,000 bpd both in Jul, Aug

MOSCOW, Jun 2 (PRIME) -- The OPEC+ alliance will increase oil production by 648,000 barrels per day both in July and August, the organization said in an official communique following a meeting on Thursday.

The quotas of Saudi Arabia and Russia will increase to 10.833 million barrels per day, of UAE to 3.127 million barrels per day, of Iraq to 4.58 million barrels per day, of Kuwait to 2.768 million barrels per day, and of Kazakhstan to 1.69 million barrels per day.

The next meeting of the alliance is schedule for June 30.

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